Kenya Equity Markets | 27 Aug 2015: Bear torments Nairobi Securities Exchange again … Centum 5.53% lower

Nairobi, Kenya (Capital Markets in Africa) — Nairobi Securities Exchange equity markets continued to stay in the red zone for eleven consecutive trading sessions. The equity market capitalization ended at KES 1,958 billion after drooping KES 27.1 billion (c.US$261 million) or 1.38 percent from the market capitalization of KES 1,958 billion recorded at previous trading session.

The Nairobi Securities Exchange (NSE20) index tumbled by 90.52 points or 2.17 points to close at 4,080.83 points and the Nairobi All Share Index crashed by 1.92 points or 1.38 percent to end at 137.51 points. The FTSE NSE 15 index and FTSE NSE 25 remained unchanged at 183.66 and 183.15 points respectively.

Look at today’s market activities,  volume of shares traded rose 66.56 percent to close at 29.88 million and total turnover also shoved up 12.91 percent to close at KES 722.36 million. KCB Group emerged as the largest mover of the day with a turnover of KES 324.90 million representing 44.98 percent of the total market turnover. Other most actively traded stocks were SAFARICOM recorded KES 168.966 million; Equity Group had KES 51.773 million, NIC Bank registered KES 45.803 million and Diamond Trust ended with a turnover of KES 27.840 million.

From the market movers and shakers, today’s price mover was Sameer Africa Limited emerged as the top gainer after advancing by 8.64 percent to end the day at KES 4.40 after investors bought and sold 1,800 shares. Uchumi Supermarket Limited surged by 3.23 percent to close the day at KES 8.00. Mumais Sugar soared by 2.78 percent to settle at KES 1.85. Similarly, Bamburi Cement Limited rose by 1.97 percent to end at KES 155.50 and Unga Group ended at KES 41.50 by gaining 1.84 percent.

 Conversely, Home Afrika emerged ended as the top loser after losing by 6.98 percent to end the day at KES 2.00. British-American Investment concluded at KES 15.40 by crashing by 6.38 percent and Kengen Limited slid by 5.66 percent to trade at KES 7.50. Centum Investment Limited also somersaulted by 5.53 percent to close at KES 47.00 and NIC Bank declined by5.06 percent with a closing price of KES 42.25.

On foreign exchange market front, the Kenyan Shilling appreciated by 0.19 percent against US dollar to trade at KES 103.60 and appreciated by 1.43 percent to end at KES 160.59 against British pound. Kenyan Shillings also gained 1.26 percent against the Euro to close at KES 117.58 and rose by 0.09 percent against South African rand to trade at KES 7.91.